Blackstone to buy Interior Logic Group for $1.6B from Littlejohn, Platinum

  • Private equity funds managed by Blackstone (NYSE:BX) agree to acquire Interior Logic Group Holdings from Littlejohn & Co., Platinum Equity, and other equity holders for a total transaction value of ~$1.6B.
  • The company is a tech-driven provider of interior design, supply chain, and installation management solutions to several of the country's largest single-family homebuilders.
  • Transaction is expected to close in Q2 2021.
  • The acquisition comes as new home sales and home prices continue to rise due to low mortgage rates and record low home inventories.

    BlackStone fundamentals

    For this year the company, based inNew York City revenue will be around 7.59 billion USD. This is according to the average of the analysts' estimates. This is rather significant more than 2019's revenue of 6.1 billion USD.

    Historical revenues and results Blackstone Group Inc plus estimates 2020

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    The analysts expect for 2020 a net profit of 3.85 billion USD. For this year the majority of the analysts, consulted by press agency Thomson Reuters, expects a profit per share of 3.23 USD. The PE-ratio therefore is 21.98.

    Huge dividend Blackstone Group Inc

    For this year most of the analysts expect a dividend of 2.75 USD per share. Blackstone Group Inc 's dividend yield thus equals 3.87 percent. The average dividend yield of the health care companies equals a moderate 0.17 percent.

    Recent target prices around 92 USD

    The latest 3 recommendations for the health care company were provided by Nord Landesbank, Kepler Capital Markets and Berenberg.

    Based on the current number of shares Blackstone Group Inc 's market capitalization equals 47.65 billion USD. The Blackstone Group Inc stock was the past 12 months quite volatile. Since last February the stock is 14 percent higher. This year the stock price moved between 33 and 72 dollar.

    Historical stock prices Blackstone Group Inc

    fundamental research blackstonegroupinc

    Click here for dividend Blackstone Group Inc. On Thursday the stock closed at 70.99 USD.

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